ThunderCore, a leading blockchain and web3 ecosystem, today announced that it is making another development push, partnering with new validators as the chain rolls out its new crypto staking model.
The newest ThunderCore validators include popular crypto-asset exchange Huobi and one of the first staking platforms in the space, MyCointainer. Users of both will now be able to bank on ThunderCore’s native TT asset to earn rewards.
Unlike proof-of-work (PoW) blockchains like Bitcoin, ThunderCore is an eco-friendly proof-of-stake (PoS) chain, meaning its consensus mechanism for validating transactions is based on crypto staking. incentive.
ThunderCore’s new PoS staking model, also known as ThunderCore 2.0, will dramatically increase user staking and validation nodes.
Such decentralization is crucial for securing PoS chains like ThunderCore, which must withstand coordinated attacks from malicious actors seeking to control two-thirds of the network while adding more reliable validators, which also improves scalability and accelerates growth. users.
Extension of the validator
As a new partner, Huobi will implement and maintain a ThunderCore node, further securing the ThunderCore ecosystem. Additionally, Huobi’s tens of millions of users will have access to ThunderCore PoS staking, while TT will be available to stake on Huobi Earn.
In addition to operating a node, MyCointainer will allow deposits and withdrawals on the platform. MyCointainer users will have access to TT trading pairs against BTC, USDT and other major crypto and fiat pairs.
The expansion of the validator network represents a significant step forward for ThunderCore, cementing its position as a leading blockchain.
DeFi Awareness
With the new ThunderCore 2.0 PoS staking model, the popular blockchain has overhauled its tokenomics, aiming to become a bigger DeFi player in the coming years. Having already nurtured its native DeFi ecosystem, ThunderCore developers are now looking to woo top DeFi protocols such as Curve Finance, AAVE, SushiSwap, Stargate, and many more.
The ThunderCore team began this effort by making overtures to major DeFi projects.
The diversification of ThunderCore’s native DeFi ecosystem enables the team to build a better future with the support of the project’s multi-chain functionality, decentralization, and community-driven economy.
The team offers ThunderCore’s user retention and mass adoption strategy (over 400,000 monthly active users), a one-stop-shop TT wallet, high levels of interoperability, extensive partnerships and a range of incentives and tools for developers, among other points.
Corresponding proposals are in the works for the other major DeFi protocols.
Future plans
ThunderCore will continue to welcome new validators to its PoS network. This aligns with the team’s commitment to providing a secure and decentralized platform to its users.
The addition of new reputable organizations to the network of validators improves blockchain security, making it a top choice for decentralized applications. Meanwhile, the increase in staking rewards under the new tokenomics is a tangible benefit for the community pursuing the same goals.
Additionally, ThunderCore will encourage more DeFi projects to open a shop. The high-performance chain offers many advantages for DeFi, including sub-second transactions, gas fees at a fraction of a penny, and massive scalability.
Some features listed below make ThunderCore an ideal home for DeFi developers looking to build and grow on a reliable and secure network.
- ThunderCore for Developers – ThunderCore is one of the most developer-friendly homes in the Web3 industry. The company has long believed that if you attract the best developers, users will follow. To that end, they have made various efforts to nurture their developer community:
- ThunderGene API Tool – ThunderCore’s revolutionary API tool enables easy integration of Web3 functionality into Web2 applications. With ThunderGene, it is possible to create non-fungible tokens (NFT) and fungible tokens in a Web2 application while outsourcing the wallet security burden to the cutting-edge TT wallet.
- $100 Million Web3 Fund – Along with its partners 886 Studios and Outliers Fund, ThunderCore maintains a $100 million fund to help those who want to build decentralized apps on its channel.
- Developer Growth Fund – In addition to the $100 million Web3 Fund, ThunderCore also runs a Developer Growth Fund, which is about to get a major update. The fund guides projects through to completion with technical, promotional, financial and operational assistance.
